Securitization

connor08

My mortgage with kensington was a part of securitization) then it was sold to pepper engage credit i have only heard today about something to fo woth securitization but i am confused  kensington confirmed to me that my mortgage was securitized in 2021 but sold to pepper engage credit what does this c,laim mean and how do you go about it 

Edi81

What claim? 

Securitisation (spelt with an s in the UK) is simply a way for lenders to get money today for the repayments you will make over time. 

Nothing nefarious going on for you as a borrower. 

silvercar

You don’t need to do anything. Kensington have sold a block of mortgages, including yours, to Pepper engage credit. So your mortgage is now with Pepper. Nothing should change for you in terms of your mortgage terms and conditions.

MWT

connor08 said:

My mortgage with kensington was a part of securitization) then it was sold to pepper engage credit i have only heard today about something to fo woth securitization but i am confused  kensington confirmed to me that my mortgage was securitized in 2021 but sold to pepper engage credit what does this c,laim mean and how do you go about it 

If someone is claiming that they can get your mortgage payments reduced or the mortgage written off just because it was 'securitized' then do not get conned into paying them to handle a claim for you.

user1977

The OP has umpteen previous threads about their mortgage (including at least one mentioning "securitization" so not sure why they now seem to think it's a new topic).

kingstreet

A mortgage isn't "sold" on its own. Lenders securitise a block of similar accounts in what's known as a residential mortgage-backed security, or RMBS. The terms and conditions continue as before with the new owner of the security being entitled to the payments, usually for a fixed period.